What is Tech Mahindra (TECHM)'s P/E ratio?

Tech Mahindra (TECHM) trades at a P/E of 33.4x (price to trailing 12-month earnings).

What is Tech Mahindra (TECHM)'s EV/EBITDA?

Tech Mahindra (TECHM) trades at 16.8x EV/EBITDA.

What is Tech Mahindra (TECHM)'s P/B ratio?

Tech Mahindra (TECHM) trades at a P/B of 5.4x.

What is Tech Mahindra (TECHM)'s dividend yield?

Tech Mahindra (TECHM)'s trailing 12-month dividend yield is 3.2%.

What is Tech Mahindra (TECHM)'s return on equity (ROE)?

Tech Mahindra (TECHM)'s ROE is 19.6%.

What is Tech Mahindra (TECHM)'s market capitalization?

Tech Mahindra (TECHM)'s market cap is 1605.5 bn INR.

Tech Mahindra (TECHM) Stock — Financials, Valuation & Dividends

Amounts: USD (converted) · As reported
Converted modes use NBK / ECB-linked rates: balance sheet date for BS items, period average for P&L and cash flow (see filing row evidence). As reported keeps each row in its filing currency.

Financial results

Monetary columns are in B INR, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

Date	Period	Status	RevenueB INR	Operating profitB INR	D&AB INR	EBITDAB INR	Net profitB INR	Operating CFB INR	Capex + M&AB INR	AssetsB INR	EquityB INR	ROE (annualized)	Net debtB INR	Source
2026-06-30	Q2 2026 (3M)	PARTIAL	157.1 y/y 17.7% y/y 17.7%	22.6 y/y 53.3% y/y 53.3%	4.8 y/y 4.5% y/y 4.5%	27.4 y/y 41.7% y/y 41.7%	14.7 y/y 28.4% y/y 28.4%	—	—	— y/y —	300.8 y/y 8.2%	19.6%	≈ -49.8	—
2026-03-31	FY 2026 (12M)	OK	— y/y 7.2% y/y 7.2%	— y/y 43.0% y/y 43.0%	— y/y 1.5% y/y 1.5%	— y/y 32.0% y/y 32.0%	— y/y 13.2% y/y 13.2%	—	—	493.7 y/y 11.0%	296.2 y/y 8.2%	16.7%	-49.8	—
2025-12-31	Q4 2025 (3M)	PARTIAL	143.9 y/y 8.3% y/y 8.3%	18.9 y/y 40.1% y/y 40.1%	-7.2 y/y — y/y —	23.7 y/y 75.2% y/y 75.2%	11.2 y/y 14.1% y/y 14.1%	—	—	— y/y —	279.5 y/y 3.9%	5.4%	≈ -38.5	—
2025-09-30	Q3 2025 (3M)	OK	139.9 y/y 5.1% y/y 5.1%	17.0 y/y 32.7% y/y 32.7%	7.4 y/y — y/y —	29.0 y/y 126.2% y/y 126.2%	11.9 y/y -4.4% y/y -4.4%	—	—	458.3 y/y 7.0%	279.5 y/y 3.9%	17.1%	≈ -38.5	Link
2025-06-30	Q2 2025 (3M)	PARTIAL	133.5 y/y 2.7% y/y 2.7%	14.8 y/y 34.0% y/y 34.0%	4.6 y/y — y/y —	19.4 y/y 75.6% y/y 75.6%	11.4 y/y 34.0% y/y 34.0%	—	—	— y/y —	277.9 y/y 2.4%	16.5%	≈ -38.5	—
2025-03-31	FY 2025 (12M)	OK	— y/y 1.9% y/y 1.9%	— y/y 51.0% y/y 51.0%	— y/y 2.0% y/y 2.0%	— y/y 34.0% y/y 34.0%	— y/y 80.3% y/y 80.3%	—	—	444.9 y/y 2.5%	273.6 y/y 2.6%	15.7%	-38.5	—
2024-12-31	Q4 2024 (3M)	PARTIAL	132.9 y/y 1.4% y/y 1.4%	13.5 y/y 92.1% y/y 92.1%	— y/y — y/y —	13.5 y/y 92.1% y/y 92.1%	9.8 y/y 92.6% y/y 92.6%	—	—	— y/y —	269.0 y/y 0.2%	4.9%	≈ -42.0	Link
2024-09-30	Q3 2024 (3M)	OK	133.1 y/y 3.5% y/y 3.5%	12.8 y/y 111.1% y/y 111.1%	— y/y — y/y —	12.8 y/y 111.1% y/y 111.1%	12.5 y/y 153.1% y/y 153.1%	—	—	428.3 y/y -1.5%	269.0 y/y 0.2%	18.5%	-42.0	Link
2024-06-30	Q2 2024 (3M)	PARTIAL	130.1 y/y — y/y —	11.0 y/y — y/y —	— y/y — y/y —	11.0 y/y — y/y —	8.5 y/y — y/y —	—	—	— y/y —	271.5 y/y —	12.7%	≈ -28.9	Link
2024-03-31	FY 2024 (12M)	OK	— y/y -2.4% y/y -2.4%	— y/y -45.2% y/y -45.2%	— y/y -7.1% y/y -7.1%	— y/y -36.2% y/y -36.2%	— y/y -51.2% y/y -51.2%	—	—	434.2 y/y -5.9%	266.7 y/y -4.5%	8.8%	-28.2	—
2023-12-31	Q4 2023 (3M)	PARTIAL	131.0 y/y — y/y —	7.0 y/y — y/y —	— y/y — y/y —	7.0 y/y — y/y —	5.1 y/y — y/y —	—	—	— y/y —	268.6 y/y —	2.5%	≈ -38.3	Link
2023-09-30	Q3 2023 (3M)	OK	128.6 y/y — y/y —	6.1 y/y — y/y —	— y/y — y/y —	6.1 y/y — y/y —	4.9 y/y — y/y —	—	—	434.9 y/y —	268.6 y/y —	7.2%	-38.3	Link
2023-03-31	FY 2023 (12M)	OK	532.9 y/y — y/y —	62.5 y/y — y/y —	19.6 y/y — y/y —	82.1 y/y — y/y —	48.3 y/y — y/y —	55.7	-10.2	461.5 y/y —	279.2 y/y —	—	-24.8	—

Revenue & EBITDA

RevenueEBITDA

Quarterly values (INR mln)

Year-over-year change

Cash flow

Net debt / cash (INR mln)

Profit and cash

Worth a look

In a typical year of 2022–2026 operating cash flow came to 1.28x of reported net profit; after capex, 1.14x.

year	2022	2023	2024	2025	2026
cash flow / profit	0.95x	1.15x	2.70x	1.36x	1.28x
accruals, % of assets	—	-1.6%	-9.2%	-3.5%	-2.8%

net debt / EBITDA -0.6x · capex 0.5x of depreciation

● Capex is 46% of depreciation - the asset base is being consumed faster than replaced.

Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +24.4%

How this was calculated

1. EBITDA growth (latest quarter YoY, annualised) [EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-06-30 vs 2025-06-30) = (27 425 − 19 352) × 3.42	27 590
2. Current EV/EBITDA (LTM) (Market cap + Net debt) ÷ EBITDA (LTM) = (1 605 459 + -49 765) ÷ 93 727	16.6x
3. Target multiple (Current EV/EBITDA + 11) ÷ 2 = (16.6 + 11) ÷ 2	13.8x
4. Cash flow (balance method, LTM) Net-debt reduction + dividends + buybacks − equity issuance = 11 294 + 0 + 0 − 0	11 294
5. Value created per year (EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap = (27 590 × 13.8 + 11 294) ÷ 1 605 459	+24.4%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

FCF (LTM) approximated by latest FY (ended 2026-03-31, before the latest reported period 2026-06-30)
dividends/buybacks not in data - balance cash flow uses net-debt change only

Revenue growth & acceleration

Growth accelerating ▲

Last-year revenue growth +7% vs +2% the year before — a +5.3 pp move. 3-year CAGR +2%.

revenue growth by year: 2024 -2% · 2025 +2% · 2026 +7%

The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

Dividends

Paid (completed)

Date	Per share	Details	Status	Source
2026-07-03	36 INR	Ex-dividend: 36 INR per share	Paid	Yahoo Finance (ex-div)
2025-10-20	15 INR	Ex-dividend: 15 INR per share	Paid	Yahoo Finance (ex-div)
2025-07-04	30 INR	Ex-dividend: 30 INR per share	Paid	Yahoo Finance (ex-div)
2024-10-31	15 INR	Ex-dividend: 15 INR per share	Paid	Yahoo Finance (ex-div)
2024-07-19	28 INR	Ex-dividend: 28 INR per share	Paid	Yahoo Finance (ex-div)
2023-11-02	12 INR	Ex-dividend: 12 INR per share	Paid	Yahoo Finance (ex-div)
2023-07-21	32 INR	Ex-dividend: 32 INR per share	Paid	Yahoo Finance (ex-div)
2022-11-09	18 INR	Ex-dividend: 18 INR per share	Paid	Yahoo Finance (ex-div)
2022-07-21	30 INR	Ex-dividend: 30 INR per share	Paid	Yahoo Finance (ex-div)
2021-11-02	15 INR	Ex-dividend: 15 INR per share	Paid	Yahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Tech Mahindra (TECHM) — from primary filings.

Tech Mahindra (TECHM) INR

Price chart

Key metrics

Market

Growth

Multiples

Cash return

Value creation

Liquidity